Employers customarily award severance pay to their former employees -- but there are some income, employment and possible excise tax implications to the employer and former employee with respect to severance pay.
From a moral standpoint, there is no question that presumptive Republican presidential nominee Mitt Romney should retract opposition to the Obama Administration's 61-cent federal excise tax increase on cigarettes.
A lot of the arguments against an excise tax on insurance companies come from those who want to kill health care reform. But a lot of them also come from friends who share my convictions about health care.
Policy experts are free to represent their Administration. But, like generals testifying before Congress, I believe they also have a responsibility to lay the facts out fully before the American people.
If the end product is an imperfect health care reform bill, one that takes too much from the middle class in order to help those even less fortunate, that won't be what some people wanted. But it will be be an improvement.
The silver lining, according to many economists who support the Cadillac insurance tax, is that employers will then take the money they're not spending on health care and give it to their workers as wages. That's probably wrong.